Airtel Africa PLC DRC Spectrum Acquisition (6889N)
June 06 2022 - 1:02AM
UK Regulatory
TIDMAAF
RNS Number : 6889N
Airtel Africa PLC
06 June 2022
Airtel Africa plc
('Airtel Africa', or the 'Group')
DRC Spectrum Acquisition
London and Lagos, 6 June 2022: Airtel Africa, a leading provider
of telecommunications and mobile money services, with a presence in
14 countries across Africa, today announces the purchase of 58 MHz
of additional spectrum spread across 900, 1800, 2100 and 2600 MHz
bands, for a gross consideration of $42m.
The licence for paired spectrum in the 2100 band comes up for
renewal in September 2032. All the other licences continue until
July 2036.
This additional spectrum will support our 4G expansion in the
market for both mobile data and fixed wireless home broadband
capability, providing significant capacity to accommodate our
continued strong data growth in the country.
DRC is the largest country by area in our portfolio and our
second largest market by population. This investment reflects our
continued confidence in the tremendous opportunity inherent in the
DRC, supporting the local communities and economies through
furthering digital inclusion and connectivity.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Morten Singleton +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Emily Dillon
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
www.airtel.africa
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END
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